we are in a more normal private equity environment right now. i don't think it is slow, i wish it was busier. i think for it to get busier, we will need to see a large m&a cycle happen. we are seeing a lot less of that. we are buying more assets that each other own and selling stuff to each other. i would like to see more corporate m&a so we can see primary buyout activity. >> is it tough for you to buy businesses? if i was a company, i would not feel great about selling. >> i'm not sure. we are not clairvoyant. we are not smaller than anyone else. you are successful, though. >> we have been doing it for the last few years that we have been businesses that are not getting the attention they need and we intervene to find value than the previous owner cannot do. >> why aren't things like they were back in 2006, 2007? market conditions are awfully similar. open debtvery wide market, permissive terms for loans. it should add up to more than it is. >> there was a moment in time or the debt markets were exploding in terms of volume. importantly, the b